Joseph Grano, Jr. Sells 8,400 Shares of Virtu Financial (NYSE:VIRT) Stock

Virtu Financial, Inc. (NYSE:VIRT) Director Joseph Grano, Jr. sold 8,400 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $60.94, for a total value of $511,896.00. Following the transaction, the director directly owned 33,814 shares in the company, valued at approximately $2,060,625.16. This represents a 19.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Virtu Financial Price Performance

Shares of VIRT opened at $68.34 on Friday. Virtu Financial, Inc. has a 52 week low of $31.55 and a 52 week high of $68.68. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.87. The firm has a market cap of $10.61 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 0.41 and a beta of 0.60. The stock has a 50 day moving average of $60.10 and a 200-day moving average of $51.03.

Virtu Financial (NYSE:VIRT) last posted its quarterly earnings results on Tuesday, July 14th. The company reported $1.82 earnings per share (EPS) for the quarter. Virtu Financial had a return on equity of 49.06% and a net margin of 13.50%.The business had revenue of $984.69 million for the quarter. Virtu Financial has set its Q2 2026 guidance at 1.820-1.820 EPS. As a group, analysts forecast that Virtu Financial, Inc. will post 6.33 EPS for the current year.

Virtu Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Virtu Financial’s dividend payout ratio is 15.95%.

Institutional Trading of Virtu Financial

Large investors have recently modified their holdings of the company. Jones Financial Companies Lllp boosted its position in shares of Virtu Financial by 1,624.1% during the first quarter. Jones Financial Companies Lllp now owns 1,000 shares of the company’s stock worth $38,000 after buying an additional 942 shares during the period. United Services Automobile Association bought a new position in shares of Virtu Financial in the first quarter worth $222,000. Empowered Funds LLC bought a new position in shares of Virtu Financial in the first quarter worth $1,934,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Virtu Financial by 13.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,233 shares of the company’s stock valued at $8,624,000 after purchasing an additional 26,743 shares during the period. Finally, Creative Planning acquired a new position in shares of Virtu Financial during the second quarter valued at $235,000. Institutional investors and hedge funds own 45.78% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on VIRT shares. Wall Street Zen lowered shares of Virtu Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Virtu Financial in a research note on Friday, May 29th. The Goldman Sachs Group raised their target price on shares of Virtu Financial from $51.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, June 30th. Zacks Research downgraded Virtu Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Finally, JPMorgan Chase & Co. upped their target price on Virtu Financial from $51.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $58.80.

About Virtu Financial

Virtu Financial, Inc is a technology-driven electronic trading firm and market maker that provides liquidity and price discovery across a wide range of financial instruments. Leveraging advanced analytics, high-performance computing and proprietary algorithms, Virtu operates in equities, fixed income, foreign exchange, commodities and derivative products. Its technology platform is designed to capture bid-ask spreads in real time, manage risk through automated controls and adapt to changing market conditions.

The company offers a suite of execution services and market-making solutions to institutional clients such as asset managers, banks, broker-dealers and hedge funds.